SCi set to close Eidos deal

By Johnny Minkley
Analysts were today confident that SCi had effectively won in its bid to acquire Lara Croft publisher Eidos – with SCi revealing it had made its offer unconditional having received the formal backing of 77.5 per cent of Eidos shareholders.

SCi must now seek the approval of its own shareholders, with an EGM set up for 11.00am this Friday (May 13th). With SCi shareholders expected to vote in favour of the deal, industry experts predict the acquisition could be formally announced as soon as this Friday.

“We’re convinced it’s now a done deal,” Lodestar Partners director Nicholas Lovell told MCV. “Now it’s just the formalities that are left. There’s the outside chance that remaining shareholders could refuse to support it but as far as we’re concerned it’s over.”

SCi has set a deadline of 1.00pm on Tuesday May 24th for outstanding Eidos shareholders to file their acceptance. SCi declined to add further comment in advance of the EGM.

Advertisement

Tags:
This article has no tags

Follow us on

Get the latest news sent to your inbox

Sign up to receive MCV's email news updates and access to other online products and services.

MCV is the leading trade news and community site for all professionals working within the UK and international video games market. It reaches everyone from store manager to CEO, covering the entire industry. MCV is published by NewBay Media, which specialises in entertainment, leisure and technology markets.